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Investment ICON CITY PJ | NEON | I-SOVO | ICON RESIDENZ [OT], A world class urban centre for you

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twincharger07
post Sep 25 2011, 12:37 AM

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QUOTE(Han Soloman @ Sep 24 2011, 10:11 PM)
Just booked a one room unit this afternoon. Built up area 594 sq ft. Purchase Price was RM584K before the 5% early bird discount. This service apartment project has 3 facing. Facing landscape, KL & LDP. All came with differences in price. I also confused & hesitate which one to go for.

Basically what I had in mind was. Pay 8K booking fees. Obtain the 90% M.O.F, then wait till December upon signing S&P pay another RM21K plus.

All in all park in RM30K, wait till project complete in almost 4 years. Then sell off with an appreciated value of this property.

According to sales person, RM8k booking fees refundable minus RM500 admin fees if bank reject loan or cannot get 90% M.O.F.

I was wondering will this strategy work. Am I thinking right?
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your strategy sounds good... everyone would love to use the same method to earn big bucks...
But, what makes you think you can sell over RM1000psft in 4 years time? Hope you dont take it the wrong way, I am just curious about your forecast 4 years down the road.. icon_rolleyes.gif


Added on September 25, 2011, 12:39 am
QUOTE(zehn77 @ Sep 24 2011, 10:47 PM)
For those who are interested, the photo was taken around 3.40pm
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this is another no BBB mode I have seen so far apart from Trigon..

This post has been edited by twincharger07: Sep 25 2011, 12:40 AM
samngcheesan
post Sep 25 2011, 12:44 AM

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QUOTE(zehn77 @ Sep 24 2011, 10:47 PM)
For those who are interested, the photo was taken around 3.40pm
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how bout picture of the high flr ? how many unit have been taken up
eymc
post Sep 25 2011, 12:48 AM

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QUOTE(owj @ Sep 24 2011, 11:10 PM)
Again, all the smaller units facing landscape it taken up. Left 747++ sq ft facing landscape.

900/sq ft. RM600k. Looks like must rent RM3k per month for the smallest unit to get gross yield of 6%. What do sifu here think?
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Good luck!!


This post has been edited by eymc: Sep 25 2011, 12:50 AM
walle
post Sep 25 2011, 12:51 AM

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QUOTE(twincharger07 @ Sep 25 2011, 12:37 AM)
your strategy sounds good... everyone would love to use the same method to earn big bucks...
But, what makes you think you can sell over RM1000psft in 4 years time? Hope you dont take it the wrong, I am just curious about your forecast 4 years down the road..  icon_rolleyes.gif


Added on September 25, 2011, 12:39 am

this is another no BBB mode I have seen so far apart from Trigon..

due to KLSE crashing or purely no potential?
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There is always possibility, but for this, my thought is that the risk is too high, n to get 1000/sqft, u need this place to really "wong" but again to fork out 3k/month rental for a studio in PJ, i think the market is very very niche as of now, as i don't c expats market here..even mk having prob to get expats tenant..and how many locals will fork out 3k rental for pigeon hole or buy a pigeon hole at 600k+ at 4 yrs later at PJ? 1 good news is MS will move their hq here..but impact to the prop will be minimal. smile.gif
samngcheesan
post Sep 25 2011, 01:15 AM

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3 out of 6 units highest flr taken by my friend

They said the higher the noisiest is it true ?
SUSUFO-ET
post Sep 25 2011, 09:13 AM

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QUOTE(samngcheesan @ Sep 25 2011, 01:15 AM)
3 out of 6 units highest flr taken by my friend

They said the higher the noisiest is it true ?
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Noise travel upwards
dlyw1103
post Sep 25 2011, 10:28 AM

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QUOTE(zehn77 @ Sep 24 2011, 10:47 PM)
For those who are interested, the photo was taken around 3.40pm
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this time looks like no more staff, directors and associates plunging into this anymore before hand?
wonder that tell us something....
zehn77
post Sep 25 2011, 10:50 AM

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QUOTE(dlyw1103 @ Sep 25 2011, 11:28 AM)
this time looks like no more staff, directors and associates plunging into this anymore before hand?
wonder that tell us something....
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After i went to the showroom, i back home to read the forum here. I saw everyone here is quite intested to know the situation there, therefore i post the pic tat i was taken yesterday. It does not meant anything just some sharing on what i hv seen there.

It is quite an interesting topic that everyone saying it is overprice but still i can see people taking the unit there. Most of the people taking the smallest unit (facing the landscape) even the price for 584sqft rather than taking the bigger unit 743sqft where only 80k different cos of (facing the low cost flat), where the diff of the 743sqft (bet facing pj and landscape) is >80k. Does the facing landscape worth that price as it maybe surrounding by the factory n not so eye catching building.. I am curious ... smile.gif


SUSUFO-ET
post Sep 25 2011, 11:05 AM

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QUOTE(zehn77 @ Sep 25 2011, 10:50 AM)
After i went to the showroom, i back home to read the forum here. I saw everyone here is quite intested to know the situation there, therefore i post the pic tat i was taken yesterday. It does not meant anything just some sharing on what i hv seen there.

It is quite an interesting topic that everyone saying it is overprice but still i can see people taking the unit there. Most of the people taking the smallest unit (facing the landscape) even the price for 584sqft rather than taking the bigger unit 743sqft where only 80k different cos of (facing the low cost flat), where the diff of the 743sqft (bet facing pj and landscape) is >80k. Does the facing landscape worth that price as it maybe surrounding by the factory n not so eye catching building.. I am curious ... smile.gif
*
For rental play, take the cheapest unit
If for own stay, worth paying the extra, when after 10 years if you intend to sell, facing park / garden can sell at least 80K more than those facing the flat. You are indeed not paying overprice, but merely park yr 80K aside to be redeemed back in the future.
My 2 bakuli

samngcheesan
post Sep 25 2011, 11:21 AM

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but i wonder why the design not as nice as the 1st page also still alot people buy
zehn77
post Sep 25 2011, 11:28 AM

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QUOTE(samngcheesan @ Sep 25 2011, 12:21 PM)
but i wonder why the design not as nice as the 1st page also still alot people buy
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I agreed. The initial design was so impressed but it turns out a normal design which is like what we have now.. i keep telling people how amazing icon city was.. but when i went to the show room n see.. why become like tat geh.. so normal n no wild effect at all ,with this design which is not making people "wow" what is the selling point for them where it is located in so congested + factory area.
ManutdGiggs
post Sep 25 2011, 11:34 AM

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QUOTE(zehn77 @ Sep 25 2011, 11:28 AM)
I agreed. The initial design was so impressed but it turns out a normal design which is like what we have now.. i keep telling people how amazing icon city was.. but when i went to the show room n see.. why become like tat geh.. so normal n no wild effect at all ,with this design which is not making people "wow" what is the selling point for them where it is located in so congested + factory area.
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Marketing gimmick ma. Otherwise all designers n marketers hired by dato leong ll b fired.
zehn77
post Sep 25 2011, 11:39 AM

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QUOTE(ManutdGiggs @ Sep 25 2011, 12:34 PM)
Marketing gimmick ma. Otherwise all designers n marketers hired by dato leong ll b fired.
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But it shouldnt be so big different where those wild effect has been removed. It is like they are hiring a 3D designer for advertisement only!


Added on September 25, 2011, 11:42 am
QUOTE(UFO-ET @ Sep 25 2011, 12:05 PM)
For rental play, take the cheapest unit
If for own stay, worth paying the extra, when after 10 years if you intend to sell, facing park / garden can sell at least 80K more than those facing the flat. You are indeed not paying overprice, but merely park yr 80K aside to be redeemed back in the future.
My 2 bakuli
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good point. but if paying these price to own a unit which facing so ugly flat where people said very noisy around, seems not worth to the price wo

This post has been edited by zehn77: Sep 25 2011, 11:42 AM
simplicio
post Sep 25 2011, 11:43 AM

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to collect 3k rent so easy ah?
you gotto outlay another 25-30k easily to make it look cosy
first then we talk rental.

Maintainence fee would easily be 0.40? Commercial ma!!
no easy task!! to maintain for rental play.

500+ sf is too small...
1282009
post Sep 25 2011, 12:36 PM

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QUOTE(zehn77 @ Sep 25 2011, 11:39 AM)
But it shouldnt be so big different where those wild effect has been removed. It is like they are hiring a 3D designer for advertisement only!


Added on September 25, 2011, 11:42 am

good point. but if paying these price to own a unit which  facing so ugly flat where people said very noisy around, seems not worth to the price wo
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nod.gif

kbandito
post Sep 25 2011, 12:46 PM

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If this Icon Residenz worths RM500k, Tropics is a clear bargain now.
samngcheesan
post Sep 25 2011, 01:06 PM

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QUOTE(kbandito @ Sep 25 2011, 12:46 PM)
If this Icon Residenz worths RM500k, Tropics is a clear bargain now.
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then should i sell tropics then buy this icon ? still got highest flr or not ?
jinyee80
post Sep 25 2011, 01:08 PM

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If I am allowed to speak, RM1000 psf is really dear. When I went for SP Setia KL ECO CITY launching, the offered price is RM1,100psf.

Well, seems like these people are selling KLCC pricing outside of KLCC and the radius get further and further.

Works on MS's loyalty customer that follow them.
ace77
post Sep 25 2011, 03:28 PM

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QUOTE(jinyee80 @ Sep 25 2011, 01:08 PM)
If I am allowed to speak, RM1000 psf is really dear. When I went for SP Setia KL ECO CITY launching, the offered price is RM1,100psf.

Well, seems like these people are selling KLCC pricing outside of KLCC and the radius get further and further.

Works on MS's loyalty customer that follow them.
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Overprice and the layout suck big time. I cannot accept 2 bedder with single bathroom.
twincharger07
post Sep 25 2011, 03:29 PM

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QUOTE(zehn77 @ Sep 25 2011, 10:50 AM)
It is quite an interesting topic that everyone saying it is overprice but still i can see people taking the unit there. Most of the people taking the smallest unit (facing the landscape) even the price for 584sqft rather than taking the bigger unit 743sqft where only 80k different cos of (facing the low cost flat), where the diff of the 743sqft (bet facing pj and landscape) is >80k. Does the facing landscape worth that price as it maybe surrounding by the factory n not so eye catching building.. I am curious ... smile.gif
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The "facing" does not play much in purchasing decision nowadays...
Its the absolute pricing that matters in today's market...
Investors buy the smallest unit because they are the cheapest and easier to rent to single tenant when we talk about urban living...

If you are buying for your own stay, its a different story and criteria for your purchasing decision..

Developers know the investors tactic nowadays.. that is why most of them are selling smaller unit...

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